s welsh project, page-22

yes well the consolidation question got put by the Flux at the AGM not because I wanted it but because others might have and I wanted to see the reaction. You would have thought I had just shagged their grandmothers the way they reacted. No way known they said. It destroys shareholder wealth they said. well actually no it doesn't mathematically but in reality the market hates them.

Now I reckon only a dim witted cross dresser would do a consolidation this side of the options getting exercised.
Why because a consolidation will wipe the oppies off the face of the map and you are guaranteed no influx of money from exercise. whereas at least if you wait post expiry date, you have a chance of them getting exercised if we can get this lead bagged 3 legged horse into gallop.

Flux